Vero Beach Real Estate
Soaring Vero Beach home prices are leaving fewer homeowners owing more money than their properties are worth, bringing them off the sidelines of the surging Vero Beach housing market and offering relief to buyers who are frustrated by bidding wars. As more homes are put up for sale, price increases are expected to moderate. Increasing Vero Beach Home Prices Unlocking […]
A combination of rising Vero Beach home prices and higher interest rates are making home affordability increasingly out of reach for many. Even at 4 percent, the long-term mortgage rate has been in historical territory not seen in 60 years since the low for the 30-year fixed was set at 3.31 percent last November. Interest rates for 30-year fixed-rate mortgages […]
Passage of immigration reform could be a boon to the Vero Beach real estate and mortgage markets over the next decade. How Vero Beach Real Estate Could Benefit If Congress approves legislation providing a pathway to citizenship for undocumented immigrants, the National Association of Hispanic Real Estate Professionals (NAHREP) expects the country's pool of home buyers to swell by three […]
There are several factors we believe will cause increases in Vero Beach home prices to slow down in coming months. As of the first quarter of 2013, average Vero Beach home prices, as well as prices across the United States are back at their mid-2003 levels. One of the most widely followed measures of Vero Beach home prices jumped 10.9 […]
It now seems that Vero Beach home appraisals are no longer killing sales as they were just last fall. Appraisers are putting higher values on homes again, allowing more deals to go through. During the housing bust, Vero Beach home sales were often derailed by low-ball appraisals that fell far shy of a home's selling price. As home prices climb […]
